This course is designed for those interested to learn the basics of QuickBooks accounting for use in non-profit organizations and the three comprehensive practice which consist of how to generate and analyze, and distribute reports, categorize expenses, how to use the job costing feature, as well as provide backup files that allow learners to jump forward or rework any part of the problem.
Read more.Instructor
Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI
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Who this course is for:
- Employees of a not for profit organization
- Students who what to apply accounting theory to software
What you’ll learn:Â
- Not for profit accounting using QuickBooks including a charity, health care organization, and college
- How to set up a QuickBooks for a not for profit organization
- How to organize a chart of account for a not for profit organization in QuickBooks
- How to enter data into QuickBooks using forms and how those transactions will impact the financial statements
- How to customize forms for a not for profit organization using QuickBooks
- How to generate and analyze report for a not for profit organization using QuickBooks
Requirements:Â
- No prior knowledge is required to take this course
QuickBooks Desktop For Non-Profit Organizations will provide the tools to enter data into QuickBooks for a not for profit organization. This QuickBooks course will consist of three comprehensive practice problems. One problem will be for a charitable organization, one for a healthcare organization, and one for a not for profit school.
You’ll learn how to set up a QuickBooks file for a not for profit organization. The course will show how to create a chart of accounts and items list for a not for profit organization. How to enter data into the QuickBooks system using forms and customize forms so that they can be used to provide to donors.
The course will show how to generate and analyze reports. You will also learn how to print, display, and distribute reports, how to use the QuickBooks class feature to categorize expenses as restricted or unrestricted, and how to use the job costing feature to track each restricted item in detail. The course will provide backup files that allow learners to jump forward or rework any part of the comprehensive problem.
You will break each comprehensive problem done and enter it into the system one journal entry at a time. We will show how the journal entry would be entered using debits and credits in Excel first, and then enter the transaction into QuickBooks. Excel is a more transparent system, making it easier to see and understand the connections. Once we understand the objective, we will then move to QuickBooks to enter the data. The system of first Entering data into Excel to understand the objective will be very useful when we need to use more complex features like class tracking and job costing.
Our Promise to You
By the end of this course, you will have learned using QuickBooks for non-profit organizations.
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Course Curriculum
| Section 1 - Overview | |||
| QuickBooks Desktop Not For Profit Organizations | 00:00:00 | ||
| Restore Backup File | 00:00:00 | ||
| Objectives Of Practice Problems | 00:00:00 | ||
| Downloadable Materials | 00:00:00 | ||
| Section 2 - Problem One - New QuickBooks File | |||
| Problem One New QuickBooks File | 00:00:00 | ||
| New QuickBooks File | 00:00:00 | ||
| Turn On Class Tracking | 00:00:00 | ||
| Office Space Download | 00:00:00 | ||
| Cash Donation | 00:00:00 | ||
| Pledge | 00:00:00 | ||
| Government Grants | 00:00:00 | ||
| Salaries Expense | 00:00:00 | ||
| Donor Pledge For Construction Project | 00:00:00 | ||
| Donation And Purchase Of Furniture | 00:00:00 | ||
| Month End Expenses | 00:00:00 | ||
| Adjusting Entries | 00:00:00 | ||
| Allocate Expenses To Classes | 00:00:00 | ||
| Net Assets Released From Restriction | 00:00:00 | ||
| Closing Entries | 00:00:00 | ||
| Statement Of Financial Position | 00:00:00 | ||
| Statement Of Activities | 00:00:00 | ||
| Restricted Net Asset Detail Report | 00:00:00 | ||
| Section 3 - Problem Two - Multiple Years Of Operations | |||
| Problem Two Multiple Years Of Operations | 00:00:00 | ||
| Restore Backup File | 00:00:00 | ||
| Review Practice Problem | 00:00:00 | ||
| Cash Received From Grant | 00:00:00 | ||
| Contributions, Dues, And Fees | 00:00:00 | ||
| Craft Sales And Commission Revenue | 00:00:00 | ||
| Interest Income Restricted And Unrestricted | 00:00:00 | ||
| Grants Receivable And Deferred Revenue | 00:00:00 | ||
| Donated Office Space | 00:00:00 | ||
| Month End Expenses | 00:00:00 | ||
| Short Term Investment Matures | 00:00:00 | ||
| Net Assets Released | 00:00:00 | ||
| Net Assets Released Number Two | 00:00:00 | ||
| Allocate Expenses By Function | 00:00:00 | ||
| Pay Payable | 00:00:00 | ||
| Closing Entries | 00:00:00 | ||
| Statement Of Financial Position | 00:00:00 | ||
| Statement Of Activities | 00:00:00 | ||
| Restricted Net Asset Detail Report | 00:00:00 | ||
| Section 4 - Problem Three - Not For Profit College | |||
| Problem Three Not For Profit College | 00:00:00 | ||
| Restore Backup File | 00:00:00 | ||
| Review Practice Problem Private College | 00:00:00 | ||
| Tuition And Fees | 00:00:00 | ||
| Tuition Waiver For Student Work | 00:00:00 | ||
| Pledges And Contributions | 00:00:00 | ||
| Cash Received Contributions And Pledges | 00:00:00 | ||
| Cash Received For Tuition On Account | 00:00:00 | ||
| Deposit Returned | 00:00:00 | ||
| Expenses | 00:00:00 | ||
| Restricted Assets Released | 00:00:00 | ||
| Pay Cash On Account | 00:00:00 | ||
| Investment Income Received | 00:00:00 | ||
| Record Allowance And Depriciation | 00:00:00 | ||
| Unearned Revenue Adjusting Entry | 00:00:00 | ||
| Gain On Investment Adjusting Entry | 00:00:00 | ||
| Closing Entries | 00:00:00 | ||
| Financial Statements | 00:00:00 | ||
Course Review
5.0
1 RatingsRelated Courses
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Eye Opening Course
This was an eye opening course. Instructor did a good job of explaining each topics. learned a lot of shortcuts and different ways to present financial reports in more than one way.